Overview
What is German Old Folks Home Inc?
German Old Folks Home Inc, based in Lawrence, Massachusetts, is a nonprofit organization that primarily focuses on providing long-term care for middle-aged and elderly individuals. Located at 374 Howard Street, this establishment serves as a protected and supervised living environment for adults who require such care. The organization, licensed by the Massachusetts Department of Public Health, operates a 31-bed professional care facility. Staff is available 24 hours a day to ensure the provision of housing, daily meals, support services, and medical oversight. With a workforce of 29 dedicated employees, German Old Folks Home Inc aims to enhance the quality of life for its residents by offering a nurturing and secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
German Old Folks Home Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid 82% score primarily based on accountability and finance metrics. The organization demonstrates strong governance practices with 100% of its board members being independent, ensuring that decisions are made with transparency and integrity.
The organization excels in its financial management, with a program expense ratio of 82.33%, indicating a substantial portion of funds is directed towards its charitable programs. Additionally, the absence of material diversion of assets and a favorable liabilities to assets ratio of 35.20% showcase its sound financial footing and responsible stewardship of resources.
While the overall score is robust, it is worth noting that the rating is solely based on the accountability and finance beacon, meaning that other aspects of the organization, like its programmatic impact, are not evaluated in this score. This focus on financial metrics may limit a comprehensive understanding of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is German Old Folks Home Inc legitimate?
German Old Folks Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. German Old Folks Home Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $746,136
For more financial information, click here
What is the mission statement of German Old Folks Home Inc?
German Old Folks Home Inc is dedicated to providing long-term care for middle-aged adults and elders who require a monitored and secure environment. Their mission is to offer residential care, which includes housing, daily meals, support services, and medical oversight, in a 31-bed professional facility. The facility, licensed by the Massachusetts Department of Public Health as a long-term care facility, operates with a staff available 24 hours a day to ensure the well-being of its residents.
Who is the CEO of German Old Folks Home Inc?
Roger Tremblay is the Director of German Old Folks Home Inc.
What is the revenue of German Old Folks Home Inc?
German Old Folks Home Inc's revenue in 2022 was $1,312,777.
Who are the executives of German Old Folks Home Inc and what are their salaries?
The average compensation at German Old Folks Home Inc during 2022 was $25,729. There are 29 employees at German Old Folks Home Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for German Old Folks Home Inc?
German Old Folks Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of German Old Folks Home Inc
German Old Folks Home Inc is dedicated to providing a secure and supervised environment for middle-aged and elderly adults who require specialized care. Their mission is centered around offering residential care, which includes housing, daily meals, support services, and medical oversight, to ensure the well-being of its residents. The facility, licensed as a long-term care facility by the Massachusetts Department of Public Health, maintains a staff available 24 hours a day to cater to the needs of its residents.
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Impact
July, 2024
German Old Folks Home Inc has a significant impact on the community by providing a supervised and protective residential care environment for middle-aged adults and elders in Lawrence, Massachusetts. With a licensed facility accommodating 31 residents, the organization offers essential services such as housing, daily meals, support services, and medical oversight by staff available 24 hours a day. By meeting the needs of this vulnerable population, German Old Folks Home Inc plays a crucial role in ensuring the well-being and quality of life for individuals who require long-term care services.
This information is meant to be a general summary of German Old Folks Home Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$2,544
- Program Service Revenue: $1,111,325
- Gross Receipts: $1,377,150
Assets and Liabilities:
- Total Assets: $710,035
- Total Liabilities: $249,942
- Net Assets: $460,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$1,111,325
Organization Details
Founding Year
1902
Phone
(978) 682-5593Principal Officer
Roger Tremblay
Main Address
374 HOWARD STREET, LAWRENCE, MA, 01841
NTEE Category
Code: E90Z - Health
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